Trading Ideas
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Trading Ideas
Trading Ideas
Stock market news live updates: Stock futures rise, paring declines after selloff
Stock futures ticked up Wednesday evening, paring some losses after a selloff during the regular session sent the Nasdaq back into negative territory for the year to date. The S&P 500 closed at its lowest level since April 23. …read more […]
Trading Ideas
Zoom Sued by Church for Bible Class Hijacked by ‘Sick’ Porn
(Bloomberg) — One of San Francisco’s oldest churches has joined the chorus of complaints that Zooming is not safe — with a lawsuit claiming its bible study class was “Zoombombed” with pornography.“The footages were sick and sickening — portraying adults engaging in sex acts with each other and performing sex acts on infants and children, in addition to physically abusing them,” according to the complaint filed Wednesday in federal court.Immediately after shutting down the virtual class, whose participants were mostly senior citizens, the administrator of Saint Paulus Lutheran Church reached out to Zoom Video Communications Inc. for help, “but Zoom …read more […]
Business News
All eyes on Detroit as automakers ready slow, careful reopening of plants
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday.
Trading Ideas
3 Top Stock Picks From Wall Street’s 5-Star Analyst
What does it take to be the best? On Wall Street, it takes a sharp eye for stocks and a clear view of what makes a winning investment – and not every analyst has that.Glenn Greene, writing on the technology sector for Oppenheimer, is one of the select few analysts to rate five stars from TipRanks. Ranked 3 overall, out of 6,546 rated analysts, Greene’s recommendations have a success rate of 81%. Even better, for the investors who follow him, Greene’s calls have brought an average return of 20.4%. With this in mind, we wanted to take a closer look …read more […]
Trading Ideas
Trading Ideas
SmileDirectClub reports miss on Q1 earnings
While telemedicine has been a popular field in light of COVID-19, teledentistry company Smile Direct Club was not immune from fielding losses due to the pandemic. The company reported a miss on their first quarter earnings, with sales hitting $196.65 million versus an estimate of $219.52 million. The Final Round panel discusses the numbers. …read more […]
Trading Ideas
Cisco reports Q3 earnings beat, says 95% of global workforce working from home
On Wednesday, reported third-quarter net income of $2.8 billion, or $0.65 a share, as revenue declined 8% to $12 billion from $12.96 billion year-over-year. The company also said 95% of its global workforce is working from home amid the coronavirus pandemic. Myles Udland breaks down Cisco’s quarterly results on The Final Round. …read more […]
Trading Ideas
Pembina Stock: Is Its 7.6% Yield Still Safe?
The Oxford Club’s Chief Income Strategist, Marc Lichtenfeld, takes a look at Pembina stock and its dividend safety rating.
A little more than a year ago, I wrote that Pembina Pipeline (NYSE: PBA) would earn a dividend safety upgrade if 2019’s free cash flow projection was on the mark.
It wasn’t. Not even close.
In March 2019, the Canadian pipeline company was forecast to generate CA$1.44 billion in free cash flow. Instead, it generated just CA$887 million while paying out CA$1.32 billion in dividends.
In other words, it paid out CA$1.48 in dividends for every CA$1 in free cash flow.
This year, free cash flow …read more […]
Trading Ideas
Business News
U.S. March, April job losses revised higher
The U.S. economy lost a record 20.537 million jobs in April and not 20.5 million as reported last Friday, according to revised data published by the Labor Department this week.
Business News
Sanofi to accelerate European COVID-19 vaccine access after CEO prioritizes U.S. preorders
French drugmaker Sanofi SA said on Wednesday that it is working with European regulators to speed up access to a potential coronavirus vaccine in Europe after its chief executive suggested Americans would likely get the vaccine first.
Trading Ideas
Business News
Brazil’s Gol values Boeing’s 737 MAX compensation at up to $412 million
Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive up to 2.4 billion reais ($412 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, in a mix of cash and credits.